The economy seems bouyant and the Finance Minister forecasts GDP growth from 8.75 to 9.25% in the coming financial year. However the packaging industry could be hit by the untoward rise in oil prices consequent to the turmoil in the Middle East. Oil is the country’s single largest import and the subsidised public distribution of downstream products increases the budget deficit. Oil prices also directly affect polymer prices putting a huge load on flexible packaging.
In spite of Indian manufacturers revising the prices of their polymer products upwards, they are still competitive in the international market. We showcase innovative packaging concepts and the interpack exhibition in Dusseldorf in May. Sleever launches a ‘market first’ innovation designed for small or unstable containers – a horizontal two-in-one concept that combines sleeve positioning and shrinkage in a single compact monoblock structure.
In the label section, we have UPM Raflatac launching a new UV-hotmelt adhesive for use with transparent and opaque films in beverage and food labelling. Mark Andy’s Performance Series machines launched at Labelexpo Europe 2009 and also shown at the Labelexpo India 2010 in New Delhi, have been a huge success. The company with the widest narrow web flexo footprint, has sold its 60th high technology Performance Series press.
Another story highlights SinoCorrugated 2011, a gigantic event to be held at the Shanghai New International Expo Centre from 6 to 9 April. Greener packaging gets a boost as leading US corporations form a packaging trade organisation to engage on public policies impacting the packaging value chain and the environment.
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